Flexible Funding, Whenever You Need It
Finom’s revolving credit line is a flexible financial solution designed to give you fast access to funds whenever you need them—without the hassle of paperwork or collateral. With a credit limit ranging from €2,000 to €50,000, you’re in control of how much you borrow and when.
The approval process is seamless, taking less than 5 minutes on average, and is conducted entirely online, with no additional documentation required. Once approved, funds can be accessed instantly at any time, and each withdrawal must be repaid within six months.
This financial tool is particularly beneficial for businesses that require flexible funding for operational expenses, inventory purchases, business expansion, or unforeseen costs. Just keep in mind that it can’t be used for refinancing other debts, personal expenses, or any illegal activities.
How the Credit Line Works
Finom’s credit line functions differently from a traditional loan. Instead of receiving a lump sum of money upfront, you can gain access to a pre-approved credit limit, which you can use as needed.
As you pay back what you’ve used, your available credit refills, so you always have access to funds when your business needs them. Plus, you only pay interest on the amount you actually withdraw, not on your total credit limit.
For example, you have a €20,000 credit line and withdraw €15,000, leaving €5,000 available. You pay interest only on €15,000. After repaying €7,000 (of principal) of borrowed amount over several weeks with interest (paid on top of borrowed amount), your outstanding balance is €8,000, and your available funds increase to €12,000.
Your credit line has no expiration date, but each withdrawal needs to be repaid within six months. Finom regularly reviews your financial situation to ensure your credit line aligns with your business results. If any changes to your limit are performed, we’ll always keep you informed.
Understanding Your Credit Limit and Costs
Your credit limit is the maximum amount you can borrow at any time. It’s not a requirement to use the full amount right away—you can dip into it whenever needed.
The credit limit you will get approved depends on different factors, including the activity on your Finom account. The amount can be up to €50,000.
You can face two types of costs associated with using the credit line:
Repayments (including interest)
You’ll have a schedule of weekly payments in your credit line dashboard. The amount of borrowed money is divided by 26 weeks (or 6 months) and every weekly payment covers both the amount borrowed (the principal) and interest.
Interest is calculated daily, starting from the day after you withdraw funds. The rate applies only to what you’ve borrowed—not your entire credit limit.
Here’s an example: If your credit line has a 1.25% monthly interest rate, withdrawing €1,000 on a Tuesday means you’ll repay a total of €1,039.75 over six months, with weekly payments every Wednesday.
Credit Limit Fee.
This is a fixed fee charged monthly for the use of the Finom platform for credit line maintenance. This fee covers the costs of maintaining the credit product and reserving funds for you, guaranteeing they remain available whenever you need them (in accordance with Terms and Conditions). The fee is part of your Finom subscription fees, and the amount of the fee depends on your tariff plan. If you decide to close your credit line within the first three months, the limit fee for this entire period will apply.
Why choose Finom’s Credit Line?
With Finom, getting extra funds for your business is quick, easy, and flexible. There’s no waiting in line, no mountains of paperwork, and no unnecessary fees. You only pay for what you use, and your credit limit refreshes as you repay—giving you a reliable cash flow cushion whenever you need it.
Whether you need to bridge cash flow gaps, invest in growth, or handle unexpected expenses, here’s why Finom’s credit line stands out:
Fast approval – get approved in under 5 minutes, all online.
Paperless – no documents are required for existing Finom customers.
Flexible usage – withdraw funds whenever you need them.
Transparent costs – no hidden fees, only pay interest on what you use.
Smart cash flow management – repay and reuse your credit as needed.
If you have more questions, you can check our FAQ page or contact our Customer Care team from the in-app chat or by email at [email protected]